SEC Form 4 · accession 0001179110-16-023433
Michaels Companies, Inc. · MIK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philo Pappas
Officer — EVP-Category Management
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 2:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593936
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 27, 2016 | M | 57,180 | $11.31 | A | 207,327 | D | |
| Common Stock | Apr 27, 2016 | S | 57,180 | $28.87 | D | 150,147 | D | |
| Common Stock | Apr 27, 2016 | S | 29,867 | $28.87 | D | 120,280 | D | |
| Common Stock | Apr 28, 2016 | S | 25,760 | $28.63 | D | 94,520 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $11.31 | Apr 27, 2016 | M | 57,180 | D | — | Jul 1, 2017 | Common Stock | 57,180 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 24, 2016.
- F2This option to purchase common stock vested in equal installments annually over five years beginning on the first anniversary of the grant date of July 2, 2009.